Bismuth prices bottomed out and rebounded in August, with continuous gains pushing the price to 136,000 yuan/tonne by the end of the month, and upward momentum has strengthened.
On the supply side, output in July rose month‑on‑month by 13.5%. Should production remain at a high level going forward, it will cap further price increases.
On the demand side, consumption from traditional downstream sectors stayed generally stable. Meanwhile, the minor‑metals sector has drawn rising market attention boosted by emerging industries such as expanding AI computing power.
On the raw‑material side, bismuth concentrate bidding activity was brisk in August, indicating normal circulation of raw‑material supply.
Overall, after a sharp correction in June‑July, bismuth prices are now in a bottom‑repair phase. The sustainability of the current rebound will largely depend on the pace of upstream production release and matching strength from real‑world demand.
